# Yuan firms on report China will speed up US farm purchases - Markets - Business Recorder

> The yuan rose on June 19 after Bloomberg reported Beijing would speed up purchases of US farm goods following high-level talks in Hawaii. The onshore yuan ended 0.15% higher at 7.0780 per dollar.

- Date: 2020-06-19 · published 2020-06-19T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/52828-yuan-firms-on-report-china-will-speed-up-us-farm-purchases-markets-business
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Faster Chinese buying of US agricultural products supports US grain and soybean export demand and prices, while the currency move reflects that improved trade sentiment.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- USDCNY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2026-09-12 | [Argentina soybean sales speed up as prices rise on China demand, US crop concerns - Markets - Business Recorder](https://feedsoft.ai/events/13779-argentina-soybean-sales-speed-up-as-prices-rise-on-china-demand-us-crop.md) | +1.8% | +0.9% |
| SOY | 2020-12-25 | [China's Nov soybean imports from U.S. surge on year after trade deal - Markets - Business Recorder](https://feedsoft.ai/events/49498-china-s-nov-soybean-imports-from-u-s-surge-on-year-after-trade-deal-markets.md) | +4.2% | +8.4% |
| SOY | 2022-08-02 | [Argentina exports $3.2 bn in farm products - Markets - Business Recorder](https://feedsoft.ai/events/14013-argentina-exports-3-2-bn-in-farm-products-markets-business-recorder.md) | +1.6% | -3.7% |
| SOY | 2024-06-29 | [Argentina soybean sales stall in June - Markets - Business Recorder](https://feedsoft.ai/events/13915-argentina-soybean-sales-stall-in-june-markets-business-recorder.md) | +2.1% | -8.3% |
| SOY | 2020-07-14 | [China Makes Record U.S. Corn Purchase \| Farm Policy News \| Illinois](https://feedsoft.ai/events/51985-china-makes-record-u-s-corn-purchase-farm-policy-news-illinois.md) | +3.0% | +0.0% |
| CORN | 2021-03-12 | [US white wheat growers cash in as China snaps up supplies - Markets - Business Recorder](https://feedsoft.ai/events/48160-us-white-wheat-growers-cash-in-as-china-snaps-up-supplies-markets-business.md) | -9.6% | +2.3% |
| CORN | 2020-08-19 | [Ukraine's 2020/21 grain exports fall 19.8pc so far - Markets - Business Recorder](https://feedsoft.ai/events/51462-ukraine-s-2020-21-grain-exports-fall-19-8pc-so-far-markets-business-recorder.md) | +2.3% | +8.3% |
| CORN | 2020-07-14 | [China Makes Record U.S. Corn Purchase \| Farm Policy News \| Illinois](https://feedsoft.ai/events/51985-china-makes-record-u-s-corn-purchase-farm-policy-news-illinois.md) | -1.1% | -3.2% |

## Sources

- brecorder.com: https://www.brecorder.com/news/1005636

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.